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TAG Oil ( (TSE:TAO) ) just unveiled an announcement.
TAG Oil has extended its evaluation period for the BED-1 concession in collaboration with Badr Petroleum Company, committing to drill two additional wells by October 2028. This extension, along with the recent Southeast Ras Qattara acquisition, enhances TAG Oil’s strategic position in Egypt, supporting its expansion and operational growth in the region.
Spark’s Take on TSE:TAO Stock
According to Spark, TipRanks’ AI Analyst, TSE:TAO is a Neutral.
TAG Oil’s overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and negative cash flows. Technical analysis provides mixed signals, with some bearish momentum. Valuation concerns are heightened by a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events leaves these areas unaddressed.
To see Spark’s full report on TSE:TAO stock, click here.
More about TAG Oil
TAG Oil is a Canadian-based international oil and gas exploration company focusing on operations and opportunities in the Middle East and North Africa.
Average Trading Volume: 213,285
Technical Sentiment Signal: Sell
Current Market Cap: C$27.18M
See more data about TAO stock on TipRanks’ Stock Analysis page.